This development is bad news for Prime Minister Narendra Modi, who is keen to get banks lending more to stimulate the economy and create more jobs ahead of an election due by May this year.Jan 28, 2019

In September, the RBI decreed that Rana Kapoor cannot stay at the helm beyond January 31, and rejected subsequent appeals for revising of the decision. Kapoor's three-year term had expired on August 31.Jan 15, 2019

The former Union Finance Minister also hoped that new RBI Governor Shaktikanta Das, although a vocal supporter of the much-debated demonetisation, would stand up for the central bank's autonomy.Dec 14, 2018

In a circular issued by the central bank, for ECBs which have a maturity period between three-five years, the mandatory hedging requirement has come down to 70%, instead of the earlier level of 100%.Nov 28, 2018

The RBI Governor appeared before the panel days after the central bank's face-off with the finance ministry over issues ranging from appropriate size of reserves to be maintained by RBI to easing of lending norms for small and medium enterprises.Nov 27, 2018